Wikipedia describes, Bank Repossessed as a term used to describe when an actual owner takes back from the borrower an object that was rented or leased, or was borrowed, either with or without compensation, or
when a lienholder takes possession of an item from its registered owner that was used as collateral for a loan.
Sign-up to receive our Bank Repo newsletter containing updated lists of bank repossessed cars, bakkies, taxis, houses & property by banks & other financial institutions, made available to the public through auctions or fixed prices sales list on a weekly basis for all areas across South Africa.
We will work on an opt out system from all the areas for those wanted to focus on a specific province or even city.
Bank Repossessed Cars For Sale Online
Though we have a list of auctions and sales at various auctioneers around the country we promote the online repossessed cars database more vigorously merely because of the convinience it serves for buyers looking for vehicles they cannot find in their own areas.
Bank Repossessed Houses For Sale
Unlike with the repossessed cars, our repossessed houses lists only reflect auctioneers with a location where the auctions and take place so if you cannot make it to a particular auction house you will not be able to participate and grab yourself a house at a bargain.
If you are a first time buyer of houses on auction then we urge you to educate yourself first to avoid unnecessary stress after the purchase. We try our best with the newsletter to inform you of what to look for but you have to increase your knowledge by doing some work yourself.
Bank Repossessed Property
Repossessed Properties For Sale exclude cars, houses, taxis or bakkies as you will notice from the list they are mostly household items like furniture and leisure items like boats and golf carts.
If you have use for such items or simply buy to sell then this is the list you want to focus on and never miss out on notifications related to this repossessed property database.
Bank Repossessed Bakkies For Sale
If you aren’t looking for anything luxurious to keep for yourself but seek a workhouse for business or to help out at the farm, then take a look at our repossessed bakkies for sale also available from most online auctions site.
Please note that this list is for those who don’t mind the mileage of the bakkie and aren’t too fussy about its service history. Just think short term buy.
Bank Repossessed Taxis
Although this is our smallest database of auctioneers, with the high interest rate laid on individuals who can’t get a bank loan from private institutions, the bank repossessed taxis auctions are the most saturated with cash in hand buyers so don’t delay.